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The latest update is out from FOS Capital Ltd ( (AU:FOS) ).
FOS Capital Limited has successfully completed the acquisition of Aldridge Traffic Systems and a related share placement, raising A$3.7 million through institutional and sophisticated investors. This acquisition enhances FOS’s presence in the Australian lighting solutions market, with the company aiming to add value to the acquired assets and restore them to their former position. The transaction reflects strong investor support and aligns with FOS’s strategy to expand its market share.
More about FOS Capital Ltd
FOS Capital is a founder-led manufacturer and distributor of commercial, industrial, and architectural lighting solutions, owning 17 brands and two manufacturing facilities in Brisbane and Sydney. Since its listing in June 2021, the company has achieved significant revenue and EBITDA growth, operating in fragmented markets with a focus on increasing its market share through organic growth and strategic acquisitions.
Average Trading Volume: 33,704
Technical Sentiment Signal: Buy
See more insights into FOS stock on TipRanks’ Stock Analysis page.